FCMB Group Plc is projecting a post-tax revenue of N62.5 billion for the primary quarter of 2026, in response to its lately launched earnings forecast.
If achieved, this might characterize a 94.08% year-on-year improve from the N32.2 billion recorded in Q1 2025.
The bank has a observe report of barely exceeding its forecasts, having projected a Q1 2025 post-tax revenue of N31.2 billion in December 2024 and surpassing it by N940.2 million.
Equally, its Q2 2025 estimate of N36.6 billion was exceeded, with a post-tax revenue of N41.1 billion, whereas the Q3 forecast of N39.3 billion was surpassed at N52 billion.
Given this sample, FCMB may once more exceed its Q1 2026 forecast if optimistic fundamentals persist. The bank’s nine-month outcomes assist this outlook, with pre-tax revenue rising 46% to N134.4 billion.
Prime-line:
FCMB’s revenue spike for the 9 months ended September 30, 2025, was largely pushed by an improve in curiosity revenue, which rose 64% to N734.1 billion.
- This was primarily due to a 46% progress in curiosity from loans and advances to prospects at N464 billion, accounting for 63% of complete curiosity revenue.
On the expense aspect, curiosity prices elevated 41% to N383.2 billion, pushed largely by greater customer deposit prices, which grew 19% YoY to N255.6 billion.
FCMB additionally expanded its deposit base by N99.27 billion to N4.4 trillion, supporting a robust web curiosity revenue of N350.83 billion, up 102% year-on-year.
Web charges and commissions revenue rose to N56.1 billion from N41.4 billion.
- After accounting for impairment costs of N57.12 billion and different working bills, working revenue remained stable at N134.2 billion, marking a 46.14% improve.
Strong stability sheet
FCMB’s complete property grew by 2.52% to N7.23 trillion, supported by:
- Buyer deposits, which make up about 61% of complete property.
- Loans and advances, accounting for 32% of complete property.
- Investments in securities, contributing 21% of complete property and 34% of customer deposits.
- Money and money equivalents, representing 22% of complete property.
On the fairness aspect, shareholders’ funds rose by N116.95 billion over 9 months. This was supported by will increase in share premium and share capital.
Retained earnings additionally grew considerably, reaching N291.9 billion through the interval, up from N188.4 billion recorded in December 2024, reflecting the corporate’s means to retain extra of its earnings over the 12 months.
Yr-to-date, FCMB has delivered over 14% return to traders on the Nigerian Alternate, at present priced at N10.75.
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